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What to Know About Indiana Property Tax Law

A new Indiana law began phasing in relief for property taxes in 2026, offering homeowners a 10% tax credit up to $300.
An extra $150 credit applies to homeowners aged 65 and older under the new law.
Farm land assessments will be modified to help reduce farmers' property tax bills.
The law increases the business personal property exemption from $80,000 to $2 million.
Two-thirds of homeowners are expected to see lower bills in 2026 compared with 2025.
The law allows deferral of up to $500 of the yearly tax bill, up to $10,000 total over time.
AARP Indiana supported a provision allowing deferral of part of the tax bill.
Analysts note potential revenue losses for cities and counties as a result of the tax changes.
Some counties faced double-digit tax bill increases despite overall relief.
AARP Indiana plans virtual events to educate homeowners about the law's provisions.
The law’s rollout includes resources directing residents to aarp.org/inpropertytaxes.

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